Agenda

Webinar instructions will be emailed before the date of the webinar.

Please log into the webinar 15 – 30 minutes before start time.

Tuesday, January 17, 2023
1:00 pm – 4:15 pm CST (changed from 11:00 am – 2:15 pm CST)
Wednesday, January 18, 2023
11:00 am – 2:55 pm CST

 

Presented by
Russell A. Willis III J.D. LL.M

Agenda
Trusts and Estates Overview Including Tax Considerations
Basic framework for typical estate plan
Taxation of estates: estate tax overview
Taxation of estates: income tax overview
Taxation of trusts overview
Grantor trusts: income tax overview
Various unique types of trusts

Principles of Fiduciary Income Taxation
Trust accounting income
Distributable net income
Simple trusts
Complex trusts
Special rules

Income Taxation of Estates and Simple and Complex Trusts
IRS Form 1041, line by line
Income
Dividends
Capital gains
Other income
Expenses and deductions
Credits
Alternative Minimum Tax (AMT)
Other concepts from Form 1041 and schedules

Practical Examples to Put It All Together
Section 642(c) election example
QSST example
Simple and complex trust examples
Grantor trust example
Final year example

 

Webinar Instructions
All attendees must log-on through their own email – attendees may not watch together if they wish to earn continuing education credit. HalfMoon Education Inc. must be able to prove attendance if either the attendee or HalfMoon Education Inc. is audited.

Certificates of completion can be downloaded in PDF form upon passing a short quiz. A link to the quiz will be sent to each qualifying attendee immediately after the webinar. The certificate can be downloaded from the Results page of the quiz upon scoring 80% or higher.

Webinars are presented via GoToWebinar, an easy-to-use application that can be run on most systems and tablets. Instructions and login information will be provided in an email sent close to the date of the webinar. It is highly recommended that you download, install and test the application before the webinar begins by clicking on the link in the email.

GoToWebinar App requirements:
Windows 7 – 10 or Mac OSX Mavericks (10.9) – macOS Catalina (10.15)

Web Browser:
The two most recent version of the following browsers:
Google Chrome, Mozilla Firefox, Apple Safari, Microsoft Edge
Internet Explorer v11 (or later) with Flash enabled

Internet connection: Minimum of 1Mbps       Hardware: 2GB RAM or more

For more information, visit the Support section at www.gotowebinar.com

Credits

Accountants:
8.0 CPE Hours

IRS Enrolled Agents and Tax Return Preparers:
8.0 CE Credits

Attorneys:
6.5 60-minute CLE Hours (AZ, CA, CT, PA, TX)
8.0 50-minute CLE Hours (NJ, NY)

Certified Financial Planners:
8.0 CE Hours (Tax Planning)

 

Continuing Education Credit Information
This webinar is open to the public and offers accountants 8.0 CPE credit hours (based on 50-minute hours) of intermediate-level CPE credits in the area of taxation. Knowledge in federal taxation is beneficial, and no advance preparation is recommended. 

 HalfMoon Education Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org. Sponsor No. 103015. 

 This course offers 8.0 continuing education credit hours for enrolled agents and other tax return preparers under Treasury Department Circular #230 Section 10.6(g). 

 HalfMoon Education Inc. is a CFP Board-registered continuing education sponsor. The Certified Financial Planner Board of Standards, Inc. has granted 8.0 continuing education credit hours to the webcast version of this course. Financial planners attending the in-person seminar may earn continuing education credits from the course but will be required to apply for credit on an individual basis. 

 HalfMoon Education in an approved MCLE Multiple Activity Provider for California attorneys (No. 8306). This webinar is designed to qualify for 6.5 CLE hours to California attorneys. Halfmoon Education is a New Jersey CLE Service Provider (No. 164). This webinar offers 8.0 CLE hours to New Jersey attorneys. HalfMoon Education is certified by the New York State CLE Board as an Accredited Provider of CLE programs.* This nontraditional format course offers 8.0 Areas of Professional Practice CLE hours, which are appropriate for experienced attorneys. HalfMoon Education is an approved CLE provider for Pennsylvania attorneys (No. 1613). This webinar offers 6.5 CLE hours to Pennsylvania attorneys. HalfMoon Education is an approved CLE provider for Texas attorneys (No. 8306). This webinar offers 6.5 CLE hours to Texas attorneys. This approval qualifies the webinar for Connecticut attorneys. This webinar offers 6.5 CLE credits to attorneys in Arizona and New Hampshire, where CLE providers and courses are not subject to preapproval. 

 Attendance will be monitored, and attendance certificates will be available after the webinar for those who attend the entire course, respond to prompts, and score a minimum 80% on the quiz that follows the course (multiple attempts allowed). 

 *HalfMoon Education will provide financial hardship assistance to New York attorneys who wish to attend this event. Contact Frank Chapman at fchapman@halfmoonseminars.org for details. 

Speakers

Russell A. Willis III J.D. LL.M.

Mr. Willis is a tax lawyer, freelance writer, and consultant and advisor to lawyers, on issues related to wealth transfers. He has written numerous articles for publications serving tax and charitable gift planning professionals, and he is a frequent conference and seminar speaker throughout the country.

Three years ago, he launched a newsletter, the Jack Straw Fortnightly, analyzing current developments in the law – both tax and nontax – concerning the transfer of private wealth in this country.

Mr. Willis chaired the Steering Committee of the Probate and Trust Law Section of his local bar association and served on a legislative drafting subcommittee for the Probate and Trust Law Committee of the State Bar. He has also written numerous articles for law journals and publications.

Mr. Willis has a law degree from St. Louis University and a master’s degree in Taxation Law from Washington University in St. Louis. His undergraduate degree in English Literature is from Indiana University, Bloomington, and he has a master’s degree in English from the University of Chicago.